How does the amount of money in your savings account grow over time?

a. Banks who are insured through FDIC add money to your savings account each month.

b. Money from your checking account is automatically moved into your savings account every month.

c. Money in your savings account earns a certain amount of principal each year.

d. You can earn interest on the money you keep in your savings

account. The interest rate is determined by the bank and can vary depending on the type of account you have. As you keep your money in the account, interest is added to the balance, allowing it to grow over time.

a b c or d

c. Money in your savings account earns a certain amount of principal each year.